Current Trends in Precious Metals
The current report on precious metals shows an unequal price development between gold and silver on a weekly basis. While gold recorded a moderate increase of 0.58%, silver experienced a significantly stronger upswing with an increase of 9.0%. This development is reflected in the current prices: Gold is priced at about $3,311 per ounce, while silver is quoted at $35.95.
Current Prices and Trends
- Gold: The gold price is currently around $3,311 per ounce. This price has slightly risen, which could be attributed to stable demand and geopolitical uncertainties.
- Silver: The silver price has recovered significantly in recent weeks and is currently at $35.95 per ounce. This increase might be driven by a combination of industrial demand and investment interest.
Forecasts for Silver
The forecasts for the silver price in the upcoming months are mixed. A consolidation phase is expected for the year 2025, with price fluctuations between $29.80 and $36.91. In the long term, the silver price could rise to around $73.33 by 2030 and to $106.60 by 2035.
Comparison with Other Precious Metals
In addition to gold and silver, other precious metals such as platinum and palladium are also showing strong price movements. Platinum recorded an increase of 4.51% on June 9, 2025, while palladium has risen by 3.27%.
Conclusion
The silver price has significantly diverged from gold in recent weeks, indicating strong demand and possibly a shift in investment strategies. While gold remains stable, silver could continue to be an attractive option for investors looking for long-term value appreciation.